Tax-Retirement Analyst III

About the role

The UMB Registered Fund team manages the daily accounting, tax, audit, administration, and operational tasks for mutual fund and collective trust clients. As the Tax-Retirement Analyst III, you will assist in training and mentoring associates in Tax and Retirement Analyst I and II positions. You will also review and provide feedback on the work of Tax and Retirement Analyst I associates, manage year-end tax reporting deadlines, and lead the team in streamlining reporting and withholding processes.

Responsibilities

• Monitor and resolve exception items to ensure resolution within acceptable time frames
• Document/review workflow and procedures
• Manage and resolve year-end tax reporting deadlines, including the preparation of forms 1042/945 for fund clients, and shareholder 1099 and 1042 S preparation/filings
• Process adjustments to cost basis reporting related to the 1099 and corrections process
• Manage the annual fund reclassification processes
• Lead the team in streamlining reporting and withholding processes as well as remediation tasks
• Manage outside vendor relationships
• Review invoices received from outside vendors and reconcile back to tax form production
• Lead projects which include designing and testing of new systems and programs, the converting or de-converting of clients
• Partner with other departments
• Manage and maintain partnerships with outside vendors as it relates to tax form processing
• Act as back up to department manager

Requirements

How You Will Spend Your Time

• Monitor and resolve exception items to ensure resolution within acceptable time frames
• Document/review workflow and procedures
• Manage and resolve year-end tax reporting deadlines, including the preparation of forms 1042/945 for fund clients, and shareholder 1099 and 1042 S preparation/filings
• Process adjustments to cost basis reporting related to the 1099 and corrections process
• Manage the annual fund reclassification processes
• Lead the team in streamlining reporting and withholding processes as well as remediation tasks
• Manage outside vendor relationships
• Review invoices received from outside vendors and reconcile back to tax form production
• Lead projects which include designing and testing of new systems and programs, the converting or de-converting of clients
• Partner with other departments
• Manage and maintain partnerships with outside vendors as it relates to tax form processing
• Act as back up to department manager

Qualifications

Bachelor's Degree in Finance, Accounting, or a related field. Financial services industry experience in either an Operations or Tax related capacity. Knowledge of mutual funds and alternative investments products as related to 1099 reporting. Knowledge of IRA transaction processing and Federal and State withholding rules, or 1099 reporting requirements including cost basis calculations.

Skills

• Strong analytical and problem-solving skills
• Excellent communication and interpersonal skills
• Proficiency in Microsoft Office Suite
• Experience with financial software and systems

Benefits

Compensation Range: US Employees in California, Washington DC, New Jersey, and New York $62,310 - $90,760
US Employees in Colorado, Connecticut, Delaware, Illinois, Massachusetts, Maryland, Minnesota, Pennsylvania, Rhode Island, Texas, Washington, and Wisconsin $56,890 - $83,080
US Employees in all other states not listed above $51,480 - $75,410

Umb offers competitive and varied benefits to eligible associates, such as Paid Time Off; a 401(k) matching program; annual incentive pay; paid holidays; a comprehensive company sponsored benefit plan including medical, dental, vision, and other insurance coverage; health savings, flexible spending, and dependent care accounts; adoption assistance; an employee assistance program; fitness reimbursement; tuition reimbursement; an associate wellbeing program; an associate emergency fund; and various associate banking benefits. Benefit offerings and eligibility requirements vary.